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0adestate
Level 2
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  • "If the decedent is owned money by the "donor", then that would not technically be a gift; it would be a repayment of a debt."Is it possible to show the repayme...
    0adestate
    1
    Updated Jan 26, 2023
  • "Further, K-1s do not show distributions of corpus tobeneficiaries. K-1s are used to report items of income, gain, deductions, and credits."Ok, now I feel quite...
    0adestate
    1
    Updated Jan 26, 2023
  • Is it possible to gift an amount over 50000 to an estate if that person who is now deceased is owed money? We are trying to close out my dad's estate (2010) and...
    0adestate
    3
    Updated Jan 26, 2023
  • Hi,Will Turbo Tax Business guide me through the process of distributing the 11000 loss even though it is a long term capital loss? It seems to me that the only ...
    0adestate
    Updated Jan 26, 2023
  • So if one person receives 30000 as part of their inheritance and 10000 as a gift, would their K-1 just show 40000? And then do I explain to them that 10000 has ...
    0adestate
    3
    Updated Jan 26, 2023
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